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Kiboko Gold Drills 2.7 g/t Au Over 8.1 m and 8.5 g/t Au Over 2 m at Its Harricana Gold Project Located 55 km North of Val-d’Or, Québec
Kiboko’s drilling along Marcotte zone continues to verify historical results Assays from 43% of metres drilled in Phase 1 are still to be reported Maiden pit-co
About this update from Kiboko Gold, Inc.
[{"type":"text","content":" Kiboko’s drilling along Marcotte zone continues to verify historical results Assays from 43% of metres drilled in Phase 1 are still to be reported Maiden pit-constrained mineral resource targeted for Q3-2023 KELOWNA, British Columbia / Jun 20, 2023 / Business Wire / Kiboko Gold Inc. (TSXV: KIB) (“Kiboko” or the “Company”) today reported results from 11 holes (2,010 metres (“m”)) drilled at the Marcotte and Claverny zones as part of its systematic 70-hole (11,269 m) Phase 1 verification exploration program at its Harricana Gold Project, located 55 kilometres (“km”) north of Val-d’Or, Québec. Today’s results continue to align with the Company’s expectations for its first exploration program at the Fontana area of the Harricana Gold Project. Select highlights include: 2.7 g/t Au over 8.1 m (DDFON23-010) including 12.1 g/t Au over 1.1 m 8.5 g/t over 2 m (DDFON23-009) including 12.2 g/t Au over 1.0 m 1.0 g/t over 6 m (DDFON23-006) A summary of drilled intervals and drillhole locations are provided in Tables 1 and 2, respectively. Figures 1, 2, and 3 provide maps of Kiboko’s drillhole locations and assay results. Kiboko’s drilling continues to verify historical results for use in mineral resource estimation As shown in figures 4, 5 and 6, the Marcotte zone, formerly known as Fontana Main, has a drill-defined strike length of at least 1,250 m that remains open to the southeast. The zone has a variable width of 200 to 300 m that remains open towards the east, with mineralized intercepts exceeding 500 m below surface. A geological cross-section through the Marcotte zone is provided as Figure 7. In Kiboko’s Phase 1 program, 42 holes (over 6,055 m) were drilled along the central and northern portions of the Marcotte zone. The abundance of mineralized structures, their continuity, and thicknesses support Kiboko’s view that the first-order gold mineralization at Marcotte is primarily associated with altered igneous rocks containing an interconnected network of quartz-carbonate veins, veinlets, and shears, all anastomosed within a large, sub-vertical, and northwesterly striking zone of deformation (as shown in Figure 6). The variability in gold grades is consistent with historical data and is typical of moderate-grade environments containing both fine and coarse grains of native gold. The Company’s view is that the results from the Marcotte ...